Singapore, 5 April 2023 - The Monetary Authority of Singapore (MAS) yesterday hosted the inaugural Financial Sector Cloud Resilience Forum (Forum) for Asia Pacific financial regulators and Cloud Service Providers (CSPs) to exchange views on appropriate public cloud risk management practices for the financial sector.
2 Chaired by Mr Vincent Loy, Assistant Managing Director (Technology), MAS, the inaugural Forum saw more than 20 participants, comprising senior representatives from financial regulatory authorities from other countries, Amazon Web Services, Google Cloud and Microsoft Azure. The Forum will convene twice a year.
Key takeaways from the Forum include:
Mr Loy said, “This Forum will serve as a useful platform for financial regulators in Asia Pacific and major CSPs to pursue meaningful initiatives to engender a more resilient and secure adoption of cloud services for the financial sector. MAS is pleased to establish this Forum to foster closer collaboration between financial regulators and CSPs. The open discussion and commitment by all parties in the Forum to work together is heartening.”
Re-disseminated by The Asian Banker